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STIMA SACCO SOCIETY LTD

Stima Sacco DT is a licensed Deposit Taking Sacco established in 1974 with the Sole objective of uplifting the members’ social economic wellbeing. In April 2003 the Sacco responded to members banking needs by introducing the Front Office Service Activity (FOSA) to offer banking services to its members. To date the Sacco has eight branches in Nairobi(Parklands), Mombasa, Kisumu, Nakuru, Olkaria,Eldoret, Nairobi CBD, Embu and Kawi Centre (South C)

Deposit Accounts

These deposits may be used as collateral against borrowings from the Society and shall only be refunded when a member withdraws from membership and provided the member has fully ...

Vacancies

Stima Savings and Credit Cooperative Society Limited (Stima Sacco) is
a leading country-wide, fast growing and licensed DTS (Deposit Taking Sacco)
with an Asset Base of Kshs. 30bn, a Loan Book of Kshs23.6bn, and membership
of over 115,000 derived from the energy, utilities, education, services,
small and micro enterprises (SMEs) among other sectors. Its key priority in
the 2016-2020 Strategic Plan is to transform its business model and grow the
business through innovative products, unparalleled customer service, aggressive resource mobilization and expanded distribution channels.
In order to achieve the planned growth, the Sacco is looking for qualified and competent persons to fill the following vacancies:

Board of Directors

Mrs. Rebecca Miano

National Chairperson

Rebecca was elected to the Stima Sacco Board on 29th March 2018 and subsequently elected as the Vice Chairperson on 4th April 2018. She was later elected as the Chair of the Board in September 2018.

Osman Kiloh [ICUDE, ADE]

Honorary Secretary

Mr. Khatolwa has served as a delegate at the Institute of Energy and worked under various departments at Kenya Power including HR and administration, finance and distribution. He is a member of the Operations Management Society of Kenya.

FCPA JOHN MUDANY

National Treasurer

John Mudany was elected to the board of Stima Sacco on 24th March 2016 and subsequently elected as national treasurer on 5th April 2016. Mudany is a zealous financial management expert with over 30 years’ extensive experience in business transformation, strategy, marketing, and operational leadership.

Eng. Albert Mugo

Director

Eng. Albert Mugo was elected as a delegate of Stima Plaza KenGen in February 2014 and to the board of Stima Sacco on 11th April 2014. He served as board Vice-Chairman from April 2016 and National Chairman from January 2017 to 4th April 2018. He holds a BSc in Electrical Engineering and an MBA in Strategic Management.

Comm. FCPA Anne Owuor EBS, HSC

Director

Anne Owuor was elected to the Board of Stima Sacco in 2014. Previously she served as Supervisory Chair of the Sacco. She is a Fellow of the Institute of Certified Public Accountants of Kenya (ICPAK), a Certified Internal Auditor (CIA), Certified Risk & Management Assurance (CRMA) and Certified Forensic Investigating Professional (CFIP).

CPA Joyce Awinja

Director

Joyce was elected to the Board of Stima Sacco in 2012 and serves in the Procurement Oversight Committee and Finance, Investment & Credit Committee. She is the Supply Chain Manager at Kenya Power.

Jossylyn Mutua

Director

Jossylyn Mutua is a seasoned marketer, having worked in Kenya Power, before joining the Rural Electrification Authority as a Chief Business Development Officer. She is a Chartered Marketer with the Chartered Institute of Marketers (CIM) as well as a member of the Marketing Society of Kenya (MSK).

Board Supervisory Committee

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Sammy Ndung’u

Chairman, Supervisory Committee

Currently working with the Judiciary of Kenya as a Regional Director of Finance, Sammy worked for KenGen in the finance and commercial department. Previously, he worked for Kenya Power. He is an accomplished professional in financial management and systems accounting with over 24 years of experience. Sammy holds B.com (Hons) Accounting, MBA (finance), SAP (FI), CPA (K), and is a member of ICPAK and the Centre for Corporate Governance.

Eng. Joseph Masibo

Secretary, Supervisory Committee

Joseph Masibo was elected as a delegate and later as a Supervisory Committee member in 2008. He holds a degree in Electrical Engineering from McGill University (Canada) and an MBA (UON) in Strategic Management. He has wide experience in power engineering and management, over 27 years working for Kenya Power, where he rose to Chief Manager before retiring in 2015. He is now actively engaged in real estate development and Sacco matters.

Chief Managers Team

Chris Useki

Chief Executive Officer

Chris was appointed CEO in August 2017. He is a seasoned accountant with over 18 years of experience. He is a member of ICPAK in good standing. He holds an MBA and B.Com (accounting). He is also a Certified Public Accountant of Kenya CPA (K) and a certified Public Secretary (CPS). He graduated from Strathmore Senior Management Leadership Programme in December 2015.

Dr. Gamaliel Hassan

Chief Manager, Business Development

Hassan is a holder of a Ph.D. and MBA in Strategic Management, BA (Economics), CPA (K) and CPS (K) in good standing. He is also an African Development Educator (ADE), a Certified Islamic Finance Executive (CIFE) and an Advanced CIFE both in Accounting and Financial Analysis. Hassan has over 20 years’ work experience, 15 of which have been in senior management. He has expertise in corporate & strategy, customer orientation and commercial awareness as well as communication, research, advocacy and networking. Hassan is a certified Sacco development educator.

Harrison Gitau

Chief Manager Finance & AG Chief Manager Operations

Harrison was confirmed Chief Manager Finance in November 2017. He has worked for Stima Sacco for eight years, serving as Internal Audit Manager, Head of Internal Audit and Head of Risk. Harrison holds a B.Com (accounting) and MSc. (Information Systems Engineering). He is a CPA (K), a Certified Information Systems Auditor (CISA), a Certified Internal Auditor (CIA) and a Certified Enterprise Risk Management (CERM) professional. He is an alumnus of the Strathmore Business School’s Senior Management Leadership programme.

Management Team

Abdulrazaaq Adan

ICT Manager

Japheth Ronoh

Head of Internal Audit

Priscillah Kagori

Credit Manager

Anne Kimani

Operations & Shared Services Manager

Mary Kiema

Customer Service Manager

Beryl Akoth

Ag. Human Resource and Admin Manager

Gregory Kapsowe

Ag. Head of Risk

Mary Mbithi

AG Marketing, Sales &Research Manager

Jack Kulova

Manager, Corporate Communications

Branch Managers

Dr. James Mutura

Branch Manager, Parklands

Ann Mbaabu

Branch Manager, Mombasa

Anna Ayoro

Branch Manager, Kisumu

Christine Atulo

Branch Manager, Nakuru

Milka Bwari Bosire

Branch manager, Olkaria

Shadrack Kibet Ngetich,

Branch Manager, Eldoret

John M. Nyambu

Branch Manager, CBD Branch

Teresia Wairimu Mwangi

Branch Manager, Embu

Charles Mbugua

Branch Manager, Kawi Center

What our members say

" I believe in Stima Sacco and as a member am greatly indebted to Stima Sacco for changing my life positively! God bless you!"

Dolfina A. Odhiambo DollyloveNairobi

"We are proud of the customer service at Stima Sacco. Keep up the great job 👏👏👏"

Jacqueline Gumbo

"I thank my development partner stima sacco for you are more than a banker but a development partner."

Anjokrikal AduotMombasa

Our Savings Accounts

SHARES

This is a portion of member`s equity in the Sacco

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Account Features

• Individuals Kes. 25,000 min.

• Groups Kes. 25,000 min.

• Corporate Kes. 50,000 min.

• Earns Dividends annually

• Dividends shall be automatically capitalized for any member holding less than the Minimum Share Capital

• Non Refundable (Can only be transferred to an existing member) ALPHA

MAKEOVER LOAN

Eligibility

Must be: salaried, have complete probation, have made an uninterrupted 3 months regular contributions prior to application date, have ability to pay and paymentcan only be done after delivery of items from authorized vendors.

Appraisal Requirements

ASSET FINANCE SCHOOL LOAN

Eligibility

For individuals: Kenyan citizenship required & age 18yrs and above. General: Period of account opertion 6 months, Account type active: Active Prime, must have operated business for atleast 6 months and business location must have been permanent for a period of 1 year.

SOSA LOAN

Eligibility

Must be salaried and must have completed probation. Must have made uninterrupted 3 months regular contributions prior to application date. Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay) .

Guarantors/Collateral

Appraisal Requirements

EMERGENCY SCHOOL FEES LOAN

Eligibility

Must be salaried and have completed probation. Proof the purpose for the fund is to pay school fees. Must have made uninterrupted 3 months regular contributions prior to application date. Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay)

MSINGI BORA FEES LOAN

Eligibility

Monthly contribution should be up to date. Must have completed probation. Must have made uninterrupted 3 months regular contributions prior to application date (exempt matured accounts). Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay). Must have saved for a period of at least 3years with all installments fully paid & current.

SALARY ADVANCE LOAN

Eligibility

Must be salaried or receiving pension benefits through Stima DT Sacco. For employees: Must have made uninterrupted 3 months regular contributions prior to application date and must have ability to pay.

Appraisal Requirements

WORKING CAPITAL LOAN

Eligibility

Must be salaried and have completed probation. Proof the purpose for the fund is to pay school fees. Must have made uninterrupted 3 months regular contributions prior to application date. Must have ability to pay. (Loan repayment not exceeding 2/3 of their basic pay)

LPO LOAN

Eligibility

Incorporation: Registered in Kenya. Period of account operation with Stima: 6 months. Account Type: Active Prime. Must have operated business for at least 2 year(s). Business location: Permanent location for a period of 1 year(s). Others (specify)

Guarantors/Collateral

Appraisal Requirements

• Borrower must meet Eligibility Criteria.• History of previous borrowing. • Copy of valid ID, PIN and Council rates/Licences.• Favorable references from independent business and home neighbours(suppliers/customers.• Photographs of collateral. • Assess current level of exposure • Sketch map of business location. • Valid LPO.

INVOICE DISCOUNTING LOAN

Eligibility

Incorporation: Registered in Kenya. Period of account operation with Stima: 6 months. Account Type: Active Prime. Must have operated business for at least 2 year(s). Business location: Permanent location for a period of 1 year(s). Others (specify)

Guarantors/Collateral

Appraisal Requirements

• Borrower must meet Eligibility Criteria.• History of previous borrowing. • Copy of valid ID, PIN and Council rates/Licences.• Favorable references from independent business and home neighbours(suppliers/customer).• Photographs of collateral. • Assess current level of exposure • Sketch map of business location. • Valid invoice.